What does it mean if you are given the following financial formula?

Select the correct answer below: (A, B, C, or D)

A. This is simple interest with principal of $400, interest rate of 0.5%, for 48 years.

B. This is compound quarterly interest for 12 years with $400 principal and interest rate of 0.5%.

C. This is compounded monthly for 4 years with $400 principal.

D. This is an annuity with monthly deposits of $400.

A (t) 400/(1+0.005)48 1] 0.005